The Hindu : Front Page : Global meltdown leaves IIMA unscathed

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Wednesday, Nov 19, 2008
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Global meltdown leaves IIMA unscathed

Manas Dasgupta

AHMEDABAD: The global economic meltdown has not impacted the Indian Institute of Management, Ahmedabad, to the extent apprehended, with all its 300 students in the Post-Graduate Programme (PGP) in Management and all the 21 in the PGP Agri-Business Management (PGP-ABM) being comfortably placed in the next year’s summer placements for on-job training projects.

IIMA director Samir Barua, who earlier expressed the apprehension of the likely impact of the global economic recession in the IIMA campus, was a relieved man as the five-day summer placement camp, which started on November 13, concluded on Tuesday will all its students eligible for the summer placements accommodated by various companies.

Despite the reduction this year in the offers made on the very first day of summer placements compared to the last year apparently due to the slowdown in the global economy, there was no serious impact on the overall turn up and barring the Lehman Brothers, already declared bankrupt, all the prominent international banks and financial institutions including Goldman Sachs and Merrill Lynch turned up to give IIMA students offers for summer placements. “The trend we have seen in this placement season is that as the mandate of recruiters in terms of numbers falls, they choose to be more selective about the campuses they visit,” Dr. Barua said claiming that many of the recruiters preferred to select students only from the IIMA and not other business schools.

“They have continued to show faith in the quality of the IIMA students and reaffirmed the strength of the relationships the IIMA has with the corporate world,” Dr. Barua claimed.

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